Kl"ckner Pentaplast expands with $51.8 million investment

By Michael Lauzon
Correspondent

Published: November 6, 2012 6:00 am ET

Related to this story

Topics Film & Sheet

MONTABAUR, GERMANY (Nov. 6, 3:55 p.m. ET) — In less than four months under new ownership, rigid film major Kl"ckner Pentaplast Group said Nov. 6 that it will boost global production capacity in $51.8 million worth of investments in Suzhou, China, Cotia, Brazil and Santo Tirso, Portugal.

In Cotia it will install 2.64 million pounds per year of additional coating and laminating capacity for the Latin American pharmaceutical industry. The new capacity complements existing production at Villa Del Totoral, Argentina, and Cotia and allows for more production of Pentapharm alfoil PVdC-coated and Pentapharm Aclar-laminated packaging films for the Latin American pharmaceutical industry.

KP also will hike PVC calendaring capacity at Cotia by 26.4 million pounds per year for Latin America’s pharmaceutical, food, print, card and thermoforming markets.

The Latin America investments will total $15.1 million and create 36 new jobs. The new coating and laminating capacity will start up in fall 2013 with calendering on stream in spring 2014 followed by matte calendering capacity in fall 2014.

KP said it will add more production in Europe for polyester films used mainly for food and consumer packaging. The Santo Tirso, Portugal, plant will start up a new extrusion line in winter of 2013. The $7.2 million program will add 17.6 million pounds per year of extra capacity and hike employment by 25.

KP will open its first production site in China in spring 2013. The Suzhou Industrial Park site will initially focus on transverse oriented shrink films for the growing Chinese market for packaging films. The $29.5 million project will boost KP’s global shrink-films capacity by 13.2 million pounds.

KP broke ground on the 115,000-square-foot Suzhou facility in January 2012. The operation includes a research and development laboratory and will employ about 76.

KP said Pentalabel shrink films offer a range of labeling options, including full-body or partial shrink sleeves, tamper-evident closures and pressure-sensitive labels.

KP, based in Montabaur, Germany, is owned by Strategic Value Partners Investor Group. The Greenwich, Conn., hedge fund bought KP in July. The previous owner was Blackstone Group LP.

“With our new shareholder’s support and partnership, we remain focused on our key strengths and delivering the high quality and superior technical expertise for which we are known,” stated KP CEO Christian Holtmann, in the Nov. 6 news release.


Comments

Kl"ckner Pentaplast expands with $51.8 million investment

By Michael Lauzon
Correspondent

Published: November 6, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Irish packaging group Smurfit Kappa opens film plant in Spain

November 26, 2014 6:00 am ET

Global packaging group Smurfit Kappa Group plc has responded to growing demand for its bag-in-box liquid container/dispensers by opening a new plant...    More

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew...    More

Image

EU sets consumption goal of 40 plastic bags per person by 2025

November 24, 2014 9:27 am ET

Representatives of European Union member states hammered out a deal Nov. 21 to reduce consumption of lightweight plastic bags to 40 bags per person...    More

Image

PET film maker Evertis expanding production in Mexico, Brazil, Portugal

November 20, 2014 2:52 pm ET

Evertis, a PET film maker, is expanding production at plants in Mexico, Brazil and Portugal, the company said.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events